BBR Rate definition

BBR Rate. The average bid rate (the “BBR Screen Rate”) displayed at or about 10:30 a.m. (Sydney time) two Business Days prior to the commencement of such Interest Period on the Reuters screen BBSY page for a term equivalent to the Interest Period; or (b) to the extent the BBR Screen Rate is not displayed for a term equivalent to such Interest Period or the basis on which the BBR Screen Rate is displayed is changed and in the opinion of the Administrative Agent it ceases to reflect the Lenders’ cost of funding to the same extent as at the date of this Credit Agreement, then the BBR Rate will be the rate determined by the Administrative Agent in good faith and notified by it to the Australian Borrower to be the average of the buying rates quoted to the Administrative Agent by three (3) Australian Reference Banks at or about that time on that date. The buying rates must be for bills of exchange accepted by a leading Australian bank and which have a term equivalent to the Interest Period. If there are no buying rates, the rate for each applicable Lender will be the rate notified by that Lender to the Administrative Agent to be that Lender’s cost of funding its participation in the relevant Australian Loan for that period. Rates will be expressed as a yield percent per annum to maturity, and if necessary will be rounded up to the nearest fourth decimal place.
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BBR Rate means the official Bank of England base rate (or any successor rate) set by the Bank of England Monetary Policy Committee.
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BBR Rate means, for any day in any calendar month with respect to a BBR Rate Loan, the rate equal to:
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Examples of BBR Rate in a sentence

  • During such periods as Multicurrency Revolving Loans shall be comprised of BBR Rate Loans, each such BBR Rate Loan shall bear interest at a per annum rate equal to the sum of the BBR Rate plus the Applicable Margin.

  • Thereafter, the obligation of the Lenders to make or maintain LIBO Rate Loans, BBR Rate Loans, TIBOR Rate Loans or Canadian BA Rate Loans, as applicable, in the affected currency or currencies shall be suspended until the Administrative Agent (but in any case upon the instruction of the Required Lenders) revokes such notice.

  • Within the foregoing parameters, prepayments under this Section shall be applied (A) first to Alternate Base Rate Loans, (B) then ratably to Canadian Prime Rate Loans and Offshore Rate Loans, (C) then to BBR Rate Loans in direct order of Interest Period maturities and (D) then to LIBOR Rate Loans in direct order of Interest Period maturities.

  • Until any such notice has been withdrawn by the Administrative Agent, no further Loans shall be made as, continued as, or converted into, LIBOR Rate Loans or BBR Rate Loans for the Interest Periods so affected.

  • Committed Australian Loans shall be made in Dollars or Australian Dollars and shall be either Australian Base Rate Loans, LIBO Rate Loans (if in Dollars) or BBR Rate Loans, as the Australian Borrower or the Parent, on behalf of the Australian Borrower, may request subject to and in accordance with this Section 2.02.

  • Any prepayment of a LIBO Rate Loan, a BBR Rate Loan, a TIBOR Rate Loan or a Canadian BA Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05.

  • If the Borrower shall fail to specify in any such Notice of Borrowing (x) an applicable Interest Period in the case of a LIBOR Rate Loan or BBR Rate Loans, then such notice shall be deemed to be a request for an Interest Period of one month or (y) the currency for such Loan, then such Loan shall be made in Euros.

  • Multicurrency Revolving Loans denominated in (A) Australian Dollars shall consist solely of BBR Rate Loans, (B) Canadian Dollars shall consist solely of Canadian Prime Rate Loans and (C) Mexican Pesos shall consist solely of Offshore Rate Loans.

  • Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid and, if LIBO Rate Loans, BBR Rate Loans, TIBOR Rate Loans or Canadian BA Rate Loans, the Interest Period(s) of such Loans.

  • Unless the Borrower shall have notified the Administrative Agent upon receipt of such telephone notice that it wishes to rescind or modify its request regarding such LIBOR Rate Loans or BBR Rate Loans, any Loans that were requested to be made in Dollars as LIBOR Rate Loans shall be made as Alternate Base Rate Loans and any Loans that were requested to be converted into or continued as LIBOR Rate Loans in Dollars shall remain as or be converted into Alternate Base Rate Loans.


More Definitions of BBR Rate

BBR Rate means (a) the average bid rate (the “BBR Screen Rate”) displayed at or about 10:30 a.m. (Sydney time) two Business Days prior to the commencement of such Interest Period on the Reuters BBSY page for a term equivalent to the Interest Period; or (b) to the extent the BBR Screen Rate is not displayed for a term equivalent to such Interest Period or the basis on which the BBR Screen Rate is displayed is changed and in the commercially reasonable opinion of the Administrative Agent it ceases to reflect the Revolving Lenders’ cost of funding to the same extent as at the Effective Date, then the BBR Rate will be the rate determined by the Administrative Agent in good faith and notified by it to the Borrower to be the average of the buying rates quoted to the Administrative Agent by three (3) Australian leading reference banks in the offshore interbank market for Australian Dollars at or about that time on that date. The buying rates must be for bills of exchange accepted by a leading Australian bank and which have a term equivalent to the Interest Period. If there are no buying rates, the rate for each Revolving Lender will be the rate determined by such Revolving Lender in good faith and notified by such Revolving Lender to the Administrative Agent as the Revolving Lender’s cost of funding the relevant Loan for that period.
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BBR Rate means for an Interest Period of any Loan or overdue amount denominated in Australian Dollars:
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Related to BBR Rate

  • CDOR Rate is defined in the definition of “Eurocurrency Rate” herein.

  • SOFR Rate means the rate that will be calculated by the Calculation Agent for each Accrual Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except as provided below following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, shall mean, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.

  • Curr Rate CLTV: Prin Bal: Maturity Date: Lien Pos: 4157261 VA 300 14 93801 58000 654.14 757 415726100000000 8 298 1 129000 11/16/2000 21 Stephens City 22655 2 13.000 118 57974.18 11/24/2025 2 4157379 OH 180 14 92796 25000 316.15 685 415737900000000 6 178 1 106000 11/13/2000 24 Lancaster 43130 2 12.990 112 24908.45 11/20/2015 2 4157391 MD 240 14 116702 51500 621.43 691 415739100000000 9 239 1 146000 12/15/2000 45 HAGERSTOWN 21742 2 13.490 116 51457.52 12/26/2020 2 4157392 AK 300 14 121611.38 50000 611.46 665 415739200000000 8 299 1 175000 12/08/2000 35 PALMER 99645 2 14.250 99 49982.29 12/15/2025 2 4157393 PA 120 14 89667 23500 350.74 698 415739300000000 5 119 1 100000 12/20/2000 45 FRANKLIN 16323 2 12.990 114 23403.65 12/27/2010 2 4157394 VA 300 14 48012 37500 458.6 663 415739400000000 8 299 1 80000 12/13/2000 45 CROZET 22932 2 14.250 107 37486.71 12/18/2025 2 4157395 KY 300 4 77400 30100 350.63 683 415739500000000 8 299 1 86000 12/08/2000 46 BELLEVUE 41073 2 13.490 125 30087.74 12/13/2025 2 4157397 IN 300 14 88124 30000 349.47 686 415739700000000 8 299 1 94500 12/21/2000 46 ELKHART 46516 2 13.490 125 29987.78 12/29/2025 2 4157398 IN 300 14 87248.42 26225 371.87 682 415739800000000 8 299 1 96000 12/14/2000 42 MOORESVILLE 46158 2 16.750 119 26219.19 12/21/2025 2 4157399 KS 240 14 80750 25500 307.7 689 415739900000000 9 239 1 85000 12/12/2000 31 CHANUTE 66720 2 13.490 125 25478.96 12/18/2020 2 4157401 OH 180 14 67670 42000 545.01 689 415740100000000 6 179 1 98000 12/08/2000 39 LEIPSIC 45856 2 13.490 112 41927.14 12/15/2015 2 4157402 MD 180 14 141974 47000 594.35 720 415740200000000 6 179 1 152000 12/19/2000 41 BELCAMP 21017 2 12.990 125 46914.43 12/26/2015 2 4157403 VA 180 14 78530 44000 556.42 712 415740300000000 6 179 1 101053 12/08/2000 45 VIRGINIA BEACH 23454 2 12.990 122 43919.88 12/15/2015 2 4157404 IN 300 14 104296 55700 627.78 718 415740400000000 8 299 1 128000 12/06/2000 38 LEBANON 46052 2 12.990 125 55675.17 12/14/2025 2 4157406 OH 240 14 80750 25500 289.54 727 415740600000000 9 239 1 85000 12/13/2000 44 NEWARK 43055 2 12.490 125 25475.87 12/18/2020 2 4157407 OH 240 14 81685.73 30000 434.35 652 415740700000000 9 239 1 90000 12/08/2000 45 DAYTON 45416 2 16.750 125 29984.4 12/15/2020 2

  • Adjusted Eurocurrency Rate means, with respect to any Eurocurrency Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the Eurocurrency Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate for such Interest Period.

  • Cost of Funds Rate means, for any Accrual Period and any Lender, the rate determined as set forth below: